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Articles

Papalekas starts cashing out from rents, following real estate investments of hundreds millions Euros

The results of the real estate acquisitions flow of the Greek businessman Ioannis Papalekas in Romania started to show. The operational revenue of Globalworth, its real estate vehicle (the businessman owns 36.1 pct of it), went up to EUR 33.8 million in the end of September, growing with 68 pct. compared to the same period of last year.

Total freight traffic in Romanian sea ports reaches 49 million tons

The total freight traffic through Romania’s sea ports amounted to 49.1 million tons in the first ten months of this year, up 2.7% compared to the same period last year, according to the “Maritime Ports Administration” National Company.

Romania’s national car production drops 8%, Dacia produces more Dusters

Romania’s national car production dropped by 8.3% to 301,000 units, in the first ten months of this year, according to the Automotive Manufacturers and Importers Association – APIA.

DPD Romania opens new warehouse in Sibiu

DPD Romania, one of the most important players in the local parcel and express delivery market, has opened a new warehouse and hub in Sibiu, following a EUR 1 million investment.

Lidl opens fourth logistics center in Romania with EUR 20 mln

German retailer Lidl will open its fourth logistics center in Romania, in the western town of Lugoj, which will help the company optimize its logistics processes.

Romanian cable manufacturer Romcab doubles profit

Romanian cable manufacturer Romcab Targu Mures recorded a net profit of EUR 8.7 million in the first nine months of the year, double the profit recorded in the same period last year.

Bell Helicopter signs Memorandum of Understanding with IAR - Ghimbav Brasov

Bell Helicopter, a Textron Inc. (NYSE: TXT) company, is pleased to announce the signing of a Memorandum of Understanding with IAR - Ghimbav Brasov Group, a leading company in the Romanian defence and aerospace industry, the company informs in a press release sent to ACTMedia.

Romania’s Automobile Dacia records highest growth in the last three years

Romanian car producer Automobile Dacia increased its turnover by 7% in the first half of the year, although its total production dropped by 4% during this period, reports local Ziarul Financiar.

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